- FuelPositive (NHHH) has received TSXV approval for its intellectual property acquisition to produce ammonia with zero emissions
- Dr. Ibrahim Dincer’s first-of-its-kind technology produces ammonia using only water, air and electricity
- The company will issue 50,000,000 common shares to Dr. Dincer and his team
- FuelPositive also welcomes Dr. Dincer and a core group of top scientists as Strategic Advisors to the company
- The company anticipates a vast number of applications for the technology in agriculture, transportation and grid-storage
- FuelPositive provides commercially viable and sustainable energy solutions across a broad spectrum of industries and applications
- FuelPositive (NHHH) is up by 1.72 per cent and is currently trading at $0.295 per share
FuelPositive (NHHH) has received TSXV approval for its intellectual property acquisition to produce ammonia with zero emissions.
Dr. Ibrahim Dincer’s first-of-its-kind technology produces ammonia – a carbon-free fuel – using only water, air and electricity.
In consideration for all rights to the technology, the company will issue 50,000,000 common shares to Dr. Dincer and his team.
FuelPositive also welcomes Dr. Dincer, a preeminent scientist in the NH3 and hydrogen space, and a core group of top scientists, as Strategic Advisors to the company.
The company anticipates a vast number of applications for the technology in agriculture, transportation and grid-storage.
In its current state of development, FuelPositive’s system utilizes approximately 30 per cent less energy than any existing ammonia production technology currently on the market.
Ian Clifford, CEO of FuelPositive, commented,
“Until now, the production of ammonia has been one of the most carbon-intense manufacturing processes on the planet, and given the amount of ammonia that is used on an annual basis in a variety of applications, ammonia is a serious negative contributor to greenhouse gases and global warming.
This development in sustainable ammonia, and the creation of carbon-free NH3 that is far more efficient than current manufacturing systems, could pave the way for the broad acceptance of ammonia as a fossil fuel replacement.”
“The future is bright for the consequential positive change in reducing global CO2
emissions,” said Dr. Dincer.
FuelPositive provides commercially viable and sustainable energy solutions across a broad spectrum of industries and applications.
FuelPositive (NHHH) is up by 1.72 per cent and is currently trading at $0.295 per share as of 1:23 pm ET.